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hang on? >> even though it's up 116%, it should not be sold. i owned it in the 50s in my law school dorm in 1983. let's hold on to this and go to patrick in washington. >> caller: hi, jim. booya. given the recent divergence between the price of gold and gold mining stocks with the price of gold going up and mining stocks being level or going down would it be wise to hang on to my investments in the gold mining stocks in hopes that they catch up with the price of gold or should i just sell them off and put the money into gld or something like that? >> i think you should sell them off overtime and put your money in the gld. today was a temporary setback because of all the happy talk in washington. pat in illinois. pat. >> hey, jim. pat from chicago. how are you? >> not bad. how about you? >> caller: i'm doing well, thank you. jim, got a question for you. corning, i've owned it for 14 1/2 years, been accumulating it for those 14 1/2 years and it's been a dog from the day i bought it. it's hot one day. ceo said that the tv glass manufacturers are buying their glass like crazy. >> yeah.
enough, those stocks will work their way higher because of that some law of reverse gravitation that they all subscribe to. it's been a lousy strategy, if it's been a strategy at all if you can even subscribe to that. in recent years, it's been really horrific. think about it. for the last -- the five years 2007 to the middle of 2012, s&p 500 have climbed by 9%. things have gotten better over the last few years. but when you look at the benchmark performance over the first decade of the new millennium, the s&p was down 24%. though you only did lose 9%, lose only 9 in the ten years when you factor in reinvested dividends. which is why, hey, i'm always telling you to own some high yielding dividend stocks. but still, factoring dividends from 2000 to 2009, you were better off hoed hiding your money in a mattress. the strategy didn't work. let me give you some advice that you almost never hear from any fraternal order of buy and hold. i want to talk about a forbidden term. some say it's a curse word, marks me as a charlatan. i want to talk about selling, selling. every a stock you b
Search Results 0 to 2 of about 3 (some duplicates have been removed)

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